Sensex rally continues, regains 17,200-mark

Mumbai, Dec 1 (PTI) The Bombay Stock Exchange benchmark
Sensex continued its rally for the second day Tuesday by
gaining over 272 points on sustained buying by fund houses
driven by better than expected economic growth and firm global
cues.

The Sensex, which rose by 294 points in previous session,
rallied further by 272.05 points to close at 17,198.27 points
today as heavy-weights Reliance Industries and Infosys
recorded handsome gains.
The key-index touched the day's high of 17,218.46 as 27
out of the 30-Sensex stocks closed with handsome gains while
three ended lower.
The broader National Stock Exchange index Nifty 50 too shot
up by 89.30 points to 5,122.00, after touching the day's high
of 5,130.35 on sustained buying.
The current upsurge was led by Reliance which rallied by
3.30 per cent to Rs 1,097.85 and the second heaviest Infosys
rose by 0.45 per cent to 2,394.75.
While all the sectoral indices were in the green, the
sustained rally was driven by the realty, auto, healthcare,
refinery, banks and metal counters. The robust November sales
gave an added thrust to the auto counters, which has had an
all-pervading influence trading sentiment.
A better trend in Asian stock markets and a better
opening in Europe further fuelled the uptrend. PTI RS
MYR